MaintainX, a startup that provides software for industrial maintenance, raises $50 million to achieve a zero-downtime future using AI and data. Read the exclusive interview with the CEO and the lead investor.
SAN FRANCISCO, CA, Opal Security, the next-generation identity security and access management company, today announced its $22 million Series B funding.
SAN FRANCISCO, CA, Rhythms, an AI-powered enterprise productivity startup founded by industry veteran and serial entrepreneur Vetri Vellore, today announced $26 million in seed funding.
Seattle Founder Vetri Vellore, Who Sold Last Startup To Microsoft, Raises $26M For New Ai Company – Geekwire
Seattle tech veteran Vetri Vellore is launching a new startup with a big vision to help companies improve their productivity and backing from investors who funded his former venture. Rhythms emerged from stealth mode Thursday, announcing a giant $26 million seed round co-led by Madrona Venture Group and Greenoaks with participation from Founders’ Co-op, Accel, and Cercano (formerly Vulcan).
TriplePoint Venture Growth (NYSE:TPVG) is a BDC (business development company) that focuses on supporting and investing in industries like e-commerce, entertainment, technology, and life sciences. They specialize in providing financial assistance to companies in the venture growth space, offering various types of financing such as growth capital loans, secured loans, equipment financing, revolving loans, and direct equity investments. TPVG tailors its debt financing products to different needs, investing amounts ranging from $1 million to $50 million, depending on the type of financing. Their investments may include lines of credit, warrants, and secured loans.
The collaboration to build a private markets digital assistant gets funding from Venture capital firm FINTOP Capital. : The race to build digital generative AI assistants for advisors and investors continues apace with the announcement this week of a closed $6 million seed funding round for Hamilton Lane, specifically its Helix by HL AI assistant. Helix itself, which is intended to help advisors researching and analyzing private market investing, was first announced in June and is the result of a collaboration between Hamilton Lane and TIFIN.AI.
It’s too easy for managers to earn performance bonuses now that interest rates have risen. : (Bloomberg Opinion) -- The $1.6 trillion private credit market is enjoying a “golden moment,” in the words of one Blackstone Inc. executive, as banks retreat from risky lending and investors flock to funds offering double-digit returns on corporate loans. But those jumping on the bandwagon shouldn’t forget private credit fees are very lucrative too. As this asset class goes mainstream and mints billionaires, investors — aka limited partners — should insist on lower costs, and oppose incentives that can reward managers for little effort.
Versatus Labs, a Peer-to-Peer Web Services Protocol that enables Web2 developers to seamlessly transition to Web3, has successfully raised $2.3 million with participation from key investors NGC Ventures and Republic Crypto, bringing its value to $50 million. The fundraising will help Versatus launch the world’s first Stateless Rollup, Versatus LASR.Founded by Distributed Systems veteran Andrew Smith, Versatus paves a new frontier in decentralized verifiable compute innovation. Versatus offers a seamless transition from Web2 to Web3 for developers while enabling unrivaled speed and cost-efficiency without sacrificing security and maintaining wide decentralization.
Digital wealth management platform and online broker Scalable Capital has sealed a €60 million equity financing round. : Digital wealth management platform and online broker Scalable Capital has sealed a €60 million equity financing round. The new funding was led by Balderton Capital with support from HV Capital and existing investors.
Members include industry leaders from the residential real estate, mortgage, and technology industries, with experience at Coldwell Banker Realty, PRMG, Nationwide Mortgage, Compass, and Clear Capital MINNEAPOLIS, Dec. 7, 2023 /PRNewswire/ -- Rice Park Capital Management LP ("Rice Park"), a Minneapolis-based, private investment firm, announces it has recently formed an Advisory Board for its strategic equity investing strategy ("RPC Ventures") to help with market insight and support in the real estate, mortgage and technology industries.